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Rental Market Trends in Newport, KY
Updated July 2026
The average rent in Newport, KY is $1,502/month.
Rent in Newport is roughly equal to the national average rent of of $1,663/month.
$1,502/month
Average Rent
702 Sq Ft
Average Size
+7.2%
Change / Year
404
Available Apartments
Newport rent varies by unit size and layout:
- Studio apartments in Newport average $954 per month.
- One-bedroom apartments in Newport average $1,502 per month.
- Two-bedroom apartments in Newport average $1,812 per month.
- Three-bedroom apartments in Newport average $3,884 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Newport, KY?
In the past year, rent has increased by 7.2%, which averages out to $109 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Newport, KY
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
60%
$1,001 - $1,500/month
30%
$1,501 - $2,000/month
10%
Above $2,000/month
What salary do I need to live comfortably in Newport, KY?
Because the average rent in Newport is $1,502, you’ll want to make about $5,006 per month or $60,072 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Newport, KY compare to other nearby cities and neighborhoods?
Use the tool below to compare Newport, KY to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Newport Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Newport We Think You'll Love
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Frequently Asked Questions
What is the average rent in Newport?
The average rent in Newport is $1,502 per month, which is 9.7% lower than the national average of $1,663.
What is the average rent for a house in Newport?
The average rent for a house in Newport, KY is $3,720 per month.
Are rents going up or down in Newport?
Rents in Newport, KY are increasing, with prices up 7.2% year-over-year and $109 more per month.
What rent range is most common in Newport?
In Newport, KY, 60% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.